Despite a solid fiscal '08, Shaw pushes wireless further into the future

CALGARY – Cable, Internet and satellite giant Shaw Communications today announced that its consolidated service revenue for the three and twelve month periods ended August 31, 2008 was $806 million and $3.10 billion, respectively, improved 13% and 12% over the same periods last year. Total service operating income before amortization of $370 million and $1.41 billion was up 13% and 14%, respectively, over the comparable periods. Funds flow from operations increased to $321 million and $1.22 billion for the quarter and year, respectively, compared to $273 million and $1.03 billion in the same periods last year, said the company. During...